The American Comeback Kid
With low-cost domestic energy fueling the US economy's reindustrialization, Barack Obama has the opportunity to restore America's position as the engine of the global economy. But this requires the US not only to implement policies aimed at restoring US competitiveness, but also to adjust its foreign-policy priorities.
VIENNA – As is customary at the start of a new year, imposing statistics and trend forecasts are being trumpeted worldwide. For example, in 2016, China is expected to replace the United States as the world’s largest economy. And, by 2040, India’s population will have reached 1.6 billion, surpassing China’s, which will have stagnated a decade earlier.